BMW Expands Communications Network Using the mPhase Traverser Digital Video and Data Delivery System
NORWALK, Conn.--Aug. 5, 2002--mPhase Technologies, Inc. (OTC BB: XDSL), the leading designer of innovative solutions for the delivery of broadcast digital television and high-speed data solutions over copper wires, has received two additional purchase orders from BMW Manufacturing Corp.BMW marks mPhase's first foray into an industrial setting. Given the success of the mPhase/BMW relationship, evidenced by BMW's subsequent purchase orders and their ongoing willingness to serve as a reference for mPhase, mPhase plans to expand its marketing efforts in the commercial/industrial and residential campus market.
In late 2000, BMW implemented the BMW TV Network, a system designed to provide effective communications to more than 4,000 associates throughout its Upstate South Carolina manufacturing facility. The world-renowned car manufacturer is using the mPhase Traverser(TM) Digital Video and Data Delivery System to transport customized television content to associate team areas throughout its facility. Given the events over the past year, the BMW TV Network has played an increasingly important role for BMW and its ability to keep its associates informed.
In selecting the Traverser System, BMW has been able to set up and expand its communications network utilizing the already-installed copper telephone wire in the plant. The Traverser avoids having to interrupt production efforts in order to wire the plant with coaxial cable or fiber. In addition, according to Kenn Sparks, Manager of Corporate and Associate Communications, "We have found the Traverser System to be reliable, with little 'down time.' The system is easy to operate, requiring little on-going maintenance. With a small amount of training, our communications department here at BMW has had no problem supporting the system." Perhaps the strongest testament to BMW's satisfaction with the Traverser and cue that the campus-market might hold opportunity for mPhase, Mr. Sparks added, "As a manufacturer of performance automobiles, BMW expects the same high level of performance in the products we use for communications. We have found the Traverser to be a high quality communications tool."
About BMW Manufacturing Corp.
BMW Manufacturing Corp is a subsidiary of BMW Group in Munich, Germany. Its website address is www.bmwusfactory.com. In addition to the South Carolina manufacturing facility, BMW's North American subsidiaries include sales, marketing and financial services operations in the United States, Canada and throughout Latin America; an information technology consulting and service integration firm in South Carolina; a production facility in Mexico; and a design firm in California.
About mPhase Technologies, Inc.:
mPhase Technologies Inc. operates three primary business segments:
| - | The Company develops solutions for cost-effectively and reliably transmitting broadcast digital television, high-speed Internet access and traditional telephone service over existing copper telephone lines via its flagship product, the Traverser(TM) Digital Video and Data Delivery System (DVDDS). The award-winning Traverser(TM) system enables service providers to simultaneously transmit up to 400 channels of MPEG-2 digital television programming via a NIP (Non-Internet Protocol)-based platform. As a result of the innovative design of the Traverser(TM), mPhase has the longest serviceable distance radius, the most reliable and the cost-effective solution for the delivery of video-over DSL. |
| - | mphaseTelevision.net, Inc. ("mPhaseTV") provides a turnkey digital television package, including basic, premium and pay-per-view programming to service provides utilizing video over DSL (digital subscriber line). The comprehensive package offered by mPhase and mPhaseTV provides telcos with turnkey systems that couple technology with content, thereby enhancing their revenue opportunities, speeding time to market and allowing for additional revenues from near-video-on-demand, digital ad insertion and other sources. |
| - | mPhase offers a growing line of components utilized in the installation and testing of DSL, including the high density POTS Splitter Shelf, the Test Access Shelf, the iPOTS(TM) (Intelligent POTS Splitter Shelf), UniversalBypass and the recently introduced mPhaseStretch(TM). The products all help service providers lower the provisioning and operating costs associated with DSL. |
More information is available at the mPhase Web site at www.mPhaseTech.com, or by calling 877.674.2738. Investors may obtain additional information and subscribe to investor services by referring to the Investor Information section at the mPhase Web site or by calling Brittany Raymond of the Investor Relations Department at 203.854.1348.
Any statements contained in this press release that do not describe historical facts may constitute 'forward looking statements' as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include the following: fluctuations in customer demand; the Company's ability to manage its growth; the risk of new product introductions and customer acceptance of new products; the rapid technological change which characterizes the Company's markets; the risks associated with competition; the risks associated with international sales as the Company expands its markets; and the ability of the Company to compete successfully in the future, as well as other risks identified in the Company's Securities and Exchange Commission filings, including but not limited to those appearing under the caption "Risk Factors" in the Company's 10-K and 10-Q federal filings.